Net Mortgage Rates, Fees & Info
Scranton, PALEI: 549300FV32ULL0DL8X39
Tax ID: 23-1906213
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
Net is a smaller mortgage company specializing in Home Purchase loans. Net has a high proportion of conventional loans. Their top markets by origination volume include: Scranton, East Stroudsburg, Allentown, The Villages, and New York among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)Net has an average approval rate when compared to the average across all lenders.
We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.
Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.
Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.
Originations
208Origination Dollar Volume (All Markets)
$16,750,000Top Markets
Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 193 | $15,435,000 | $79,974 | $0 | 0.00% |
| Outside of Metro Areas | 9 | $635,000 | $70,556 | $0 | 0.00% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 3 | $455,000 | $151,667 | $0 | 0.00% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 0.00% |
| THE VILLAGES, FL (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 0.00% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 0.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against NET based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 294
Similarity Rank: 420
Similarity Rank: 544
Similarity Rank: 637
Similarity Rank: 676
Similarity Rank: 768
Similarity Rank: 918
Similarity Rank: 975
Similarity Rank: 1330
Similarity Rank: 1400
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 208 | $16,750,000 | $80,529 | $0 | 0.00% |
For 2020, Net's most frequently originated type of loan was Conventional, with 208 originations.
Loan Reason
For 2020, Net's most frequently cited loan purpose was Home Improvement, with 66 originations. The 2nd most popular reason was Other, with 57 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 208 | $16,750,000 | $80,529 | $0 | 0.00% |
For 2020, Net's most frequently cited loan duration was Other, with 208 originations.
Loan Sizing
2020 saw Net place emphasis on $100,000 or less loans with 144 originations, totaling $6,870,000 in origination value.
Applicant Income
Net lent most frequently to those with incomes in the $50k-75k range, with 55 originations. The second most popular income band? $50k or less, with 48 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 208 | $16,750,000 | $80,529 | $0 | 0.00% |
Net lent most frequently to those with DTI ratios of Exempt%, with 208 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications86.67%
Net has an average approval rate.
Pick Rate
Approvals leading to originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 208 | $16,750,000 | $80,529 |